Equity Profile

CNX

CNX Resources Corporation

EnergyOil & Gas Exploration & Production$5.2B

Jul23Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

CNX Resources Corporation is an energy company focused on the exploration and production of oil and gas. With a market cap of $5 billion, it plays a significant role in the energy sector, which is influenced by global oil prices and demand trends.

Key Metrics to Watch

EPS

Earnings per share is a key indicator of the company's profitability and financial health.

0.51

Revenue

Revenue figures provide insight into the company's sales performance and market demand.

431M

Wall Street expectations, options signals, track record, and call prep available with Pro.

CNX Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+53.77%

Avg Stock Reaction

-0.09%

Last Quarter Recap

In Q1-2026, CNX reported an EPS of $2.18, significantly beating estimates by 152.90%. However, the stock fell 1.04% the next day, indicating mixed market reactions despite strong earnings.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect CNX to report a solid EPS of $0.51 this quarter, reflecting ongoing recovery in energy prices. Revenue is anticipated to remain stable at $431 million.

Bull Case

If CNX can beat EPS estimates again, it may signal strong operational efficiency and robust demand, potentially driving the stock higher.

Bear Case

Conversely, if the company misses earnings expectations, it could raise concerns about operational challenges or declining demand, leading to a negative market reaction.

Key Metrics to Watch

EPS

0.51

Earnings per share is a key indicator of the company's profitability and financial health.

Revenue

431M

Revenue figures provide insight into the company's sales performance and market demand.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will CNX's EPS exceed the consensus estimate of $0.51?

A beat on EPS could indicate strong operational performance and boost investor confidence.

What factors are influencing revenue stability at the expected $431 million?

Understanding revenue drivers is crucial for assessing the company's market position and future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating CNX's ability to leverage recent operational efficiencies, which could lead to a stronger-than-expected EPS.

Supporting Evidence

CNX's recent earnings surprises indicate a trend of improving performance.

The options market is pricing a larger move than historical averages suggest, indicating potential for a significant reaction.

The company's recent operational improvements may not be fully reflected in the consensus estimates.

Key Risk

If CNX's EPS exceeds $0.60, it could challenge the current bearish sentiment in the market.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it follows a series of surprising earnings, and investors are keen to see if the trend continues.

Bull Confirmed If

An EPS of $0.60 or higher would confirm strong operational performance and market demand.

Bear Confirmed If

An EPS below $0.44 would suggest potential operational or market challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±7.41%

Historical Avg

±2.4%

Pricing rich

The options market is pricing in a significant move following the earnings report, suggesting heightened investor uncertainty.

Options are pricing ±7.4% while CNX has averaged ±2.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

26.4%

Calls (24K)P/C Ratio: 0.47Puts (1K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Energy

n=30

Fade rate: 6 of 30 (20%)

This setup has occurred 30 times across Energy in the last 2 years. 24 of 30 (80%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.4%, with a raw directional average of -1.5% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CNX beats expectations, history suggests the stock could rise by about 0.98% on the day, confirming a positive trend.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted reaction as investors await further commentary.

Miss

A miss on earnings could lead to a decline of around 1.88%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on production levels and operational efficiencies.
2Any commentary on market demand trends and pricing.
3Insights into cost management and profitability strategies.
4Updates on any new projects or exploration efforts.
5Management's outlook on future earnings and market conditions.

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AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a key indicator of the company's profitability and financial health.

0.51

Revenue

Revenue figures provide insight into the company's sales performance and market demand.

431M

Wall Street expectations, options signals, track record, and call prep available with Pro.

CNX Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+53.77%

Avg Stock Reaction

-0.09%

Last Quarter Recap

In Q1-2026, CNX reported an EPS of $2.18, significantly beating estimates by 152.90%. However, the stock fell 1.04% the next day, indicating mixed market reactions despite strong earnings.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect CNX to report a solid EPS of $0.51 this quarter, reflecting ongoing recovery in energy prices. Revenue is anticipated to remain stable at $431 million.

Bull Case

If CNX can beat EPS estimates again, it may signal strong operational efficiency and robust demand, potentially driving the stock higher.

Bear Case

Conversely, if the company misses earnings expectations, it could raise concerns about operational challenges or declining demand, leading to a negative market reaction.

Key Metrics to Watch

EPS

0.51

Earnings per share is a key indicator of the company's profitability and financial health.

Revenue

431M

Revenue figures provide insight into the company's sales performance and market demand.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will CNX's EPS exceed the consensus estimate of $0.51?

A beat on EPS could indicate strong operational performance and boost investor confidence.

What factors are influencing revenue stability at the expected $431 million?

Understanding revenue drivers is crucial for assessing the company's market position and future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating CNX's ability to leverage recent operational efficiencies, which could lead to a stronger-than-expected EPS.

Supporting Evidence

CNX's recent earnings surprises indicate a trend of improving performance.

The options market is pricing a larger move than historical averages suggest, indicating potential for a significant reaction.

The company's recent operational improvements may not be fully reflected in the consensus estimates.

Key Risk

If CNX's EPS exceeds $0.60, it could challenge the current bearish sentiment in the market.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it follows a series of surprising earnings, and investors are keen to see if the trend continues.

Bull Confirmed If

An EPS of $0.60 or higher would confirm strong operational performance and market demand.

Bear Confirmed If

An EPS below $0.44 would suggest potential operational or market challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±7.41%

Historical Avg

±2.4%

Pricing rich

The options market is pricing in a significant move following the earnings report, suggesting heightened investor uncertainty.

Options are pricing ±7.4% while CNX has averaged ±2.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

26.4%

Calls (24K)P/C Ratio: 0.47Puts (1K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Energy

n=30

Fade rate: 6 of 30 (20%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CNX beats expectations, history suggests the stock could rise by about 0.98% on the day, confirming a positive trend.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted reaction as investors await further commentary.

Miss

A miss on earnings could lead to a decline of around 1.88%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on production levels and operational efficiencies.
2Any commentary on market demand trends and pricing.
3Insights into cost management and profitability strategies.
4Updates on any new projects or exploration efforts.
5Management's outlook on future earnings and market conditions.